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Egypt Raises Power Prices, Waiting on Fuel Prices
...vels (see chart 1). For March, household electricity use was 4.62TWh, the lowest March use since 2013 while the previous month’s 4.33TWh was the lowest February figure since 2011. Egypt power demand typically peaks in the sweltering summer months. 1: EGYPT HOUSEHOLD POWER USE FELL TO A MULTI-YEAR LO...
Volume: 64Issue: 27Published at Fri, 09 Jul 2021 -
Morocco Faces Socioeconomic Headwinds As Deficit Overshoots, Growth Slows
...-Hoceima and Imzouren. Over 100 were arrested. Such instability brings into question Moroccan King Mohammed VI’s response to the Arab Spring protests which shook the region in 2011. A constitutional referendum later that year increased the powers of the elected parliament, though the country re...
Volume: 60Issue: 27Published at Fri, 07 Jul 2017 -
Iran: Payments Start Flowing But Fear Factor Remains
...ese were tightened further in 2011 which led its roughly $420bn economy to shrink by about 9% in the two-year period that ended in March 2014, according to the IMF. From then until January 2016, when sanctions were broadly lifted in return for nuclear curbs, Iran’s ability to continue trading oil pr...
Volume: 59Issue: 27Published at Fri, 08 Jul 2016 -
Egypt’s 2014-15 Budget Slashes Energy Subsidies, Deficit
...e IMF in particular has pressed for the curbing of the budget deficit as one of its preconditions to approve a $4.8bn loan to Egypt which was first considered in 2011, but is still pending. Egyptian officials – buoyed by Gulf largesse – say that the time has not yet come for further discussion on th...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014 -
GCC Economies ‘Hooked’ On Bumper Oil And Gas Revenues -S&P
...r reserves and production. Stable Prices? Of course, GCC producers are aware of market risks. But with oil prices seemingly rangebound at $100-110/B since early 2011, a geopolitical climate that supports prices, and the emergence of new pressures – such as the need for prices to remain ov...
Volume: 57Issue: 27Published at Fri, 04 Jul 2014 -
WB Backs $600Mn Power Project
...ypt’s 2011-13 political and economic upheavals. Investments have not kept pace with 6%/y demand growth and there have been rolling blackouts and frequent service interruptions. This has particularly hit small enterprises and households. The project is part of a program of investment in power ge...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
Jordan Hit By Syrian Overspill, Moody’s Downgrades Two Notches
...the upward trend in general government debt, which Moody’s says increased by almost 10 percentage points of GDP between 2011 and 2012. The agency expects the debt-to-GDP ratio to reach close to 90% in 2014. This echoes IMF predictions, although the IMF predicts the ratio will then ease to 80% by 20...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013 -
Iran: New President Faces Soaring Inflation, Other Economic Challenges
...ficit which needs to be financed by borrowing from the CBI. The IMF predicted an Iranian deficit equivalent to 3.5% of GDP for 2013, up from 2.3% of GDP last year and a surplus equivalent to 4% of GDP for 2011 (see graph 3) A senior deputy in the Iranian parliament Ahmad Tavakoli has called on pa...
Volume: 56Issue: 27Published at Fri, 05 Jul 2013